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Currency
The Currency page lets you activate the currencies your organisation transacts in and designate a base (reporting) currency.
Navigation: Administration → Financial Setup → Currency Used
Workspace Reference
| Workspace | How Users Reach It | What Users Usually Do There |
|---|---|---|
| Currency Used | Administration -> Financial Setup -> Currency Used | Activate tenant currencies and review base currency state. |
| Exchange Rates | Administration -> Financial Setup -> Exchange Rates | Maintain conversion rates for active non-base currencies. |
| Products And Accounts | Loans, Deposits, Billing, POS, Wallets, and other service workspaces | Select or inherit allowed currencies during operational setup and transactions. |
| Reporting | Reporting -> Reports and Accounting -> Operations | Review base-currency reporting and multi-currency balances. |
Currency List
The currency table shows all available currencies with:
| Column | Description |
|---|---|
| Currency Code | ISO 4217 code (e.g., UGX, USD, KES) |
| Currency Name | Full name (e.g., Ugandan Shilling) |
| Symbol | Display symbol (e.g., USh, $, KSh) |
| Is Base | Whether this is the base/reporting currency |
| Status | Active or inactive |
| Approval Status | Whether the currency activation has been approved |
Activating a Currency
- Click Activate Currency
- Select the currency from the global currency list
- Confirm the activation
INFO
Pinkapple maintains a master list of world currencies. You activate the ones you need — you don't create currencies from scratch.
Base Currency
The base currency is your organisation's primary reporting currency. All financial statements, reports, and consolidations use this currency. It is set during company registration and typically cannot be changed afterward.
Multi-currency transactions are converted to the base currency using the exchange rates you configure (see Exchange Rates).
Multi-Currency Operations
When you activate multiple currencies, the system supports:
- Multi-currency accounts — Deposit and loan accounts in different currencies
- Foreign currency journals — GL entries in non-base currencies
- Automatic conversion — Transaction amounts are recorded in both the original and base currencies
- Realised/unrealised gains — Exchange rate differences are tracked
TIP
Activate only the currencies you actually use. Each active currency may require exchange rate maintenance and adds complexity to reporting.
Next Steps
- Exchange Rates — Manage conversion rates between currencies